Brammer plc (BRAM) Price Target Cut to GBX 60 by Analysts at Peel Hunt

Brammer plc (LON:BRAM) had its target price cut by Peel Hunt from GBX 110 ($1.44) to GBX 60 ($0.78) in a research report released on Friday morning. They currently have a hold rating on the stock.

Separately, Jefferies Group restated a buy rating and set a GBX 200 ($2.61) target price on shares of Brammer plc in a report on Friday, August 5th.

Brammer plc (LON:BRAM) traded down 1.96% during mid-day trading on Friday, reaching GBX 87.75. The company’s stock had a trading volume of 1,701,683 shares. The stock’s 50 day moving average is GBX 118.73 and its 200 day moving average is GBX 139.23. The company’s market cap is GBX 113.37 million. Brammer plc has a 12 month low of GBX 57.50 and a 12 month high of GBX 277.75.

Brammer plc Company Profile

Brammer plc is a United Kingdom-based holding company. The Company provides management services to its subsidiaries. Its segments include UK, Germany, France, Spain, Benelux, Nordic, and Eastern Europe and Other. The Company is engaged in providing the value added business-to-business services, distribution of industrial maintenance, repair and overhaul products, related inventory management, procurement and logistics services.

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